ExxonMobil, Qatar Petroleum hit gas off Cyprus

Illustration purposes only (Image courtesy of ExxonMobil)

ExxonMobil and Qatar Petroleum have made a natural gas discovery on the Glaucus-1 prospect, located in Block 10 in the Eastern Mediterranean, approximately 180 kilometers southwest from Limassol port, offshore Cyprus.

The Glaucus-1 well encountered approximately 133 meters of gas-bearing reservoir, Qatar Petroleum said in its statement.

The well was drilled to a depth of approximately 4,200 meters in a water depth of 2,063 meters.

Based on the preliminary interpretation of well data, the discovery could represent an in-place resource of approximately 5 to 8 trillion cubic feet. Further analysis will be undertaken over the coming months to better determine this estimate, the company said.

Saad Sherida Al-Kaabi, the minister of state for energy affairs, president and CEO of Qatar Petroleum, said the discovery is the second in Qatar Petroleum’s international exploration portfolio.

Glaucus-1 was the second of a two-well drilling program in Block 10. The first well, Delphyne-1, did not encounter commercial quantities of hydrocarbons.

Block 10 covers an area of 2,572 square kilometers and is operated by ExxonMobil with a 60 percent working interest, alongside Qatar Petroleum with a 40 percent working interest.

6th Mozambique Gas Summit & Exhibition

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01/04/2019 - 05/04/2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.